Dropbox Plans $350M AI Infrastructure Deal With Tigris Buy, Its Biggest Acquisition Yet
Summary
Dropbox plans to buy Tigris Data for $350 million, which would be its largest acquisition to date. Tigris builds distributed storage infrastructure designed for modern AI workloads and developer applications across multiple clouds. Dropbox is pairing the deal with a broader AI infrastructure push, including the launch of DBX Agent Cloud and standalone object storage. The company is expanding beyond file sharing into tools and infrastructure for building and running AI applications.
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Sectors
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Functions
Communication and Collaboration
Developer and IT Infrastructure
Collaboration Software
Linked Companies
Dropbox
$1B+
Tigris Data, Inc.
$1M to $5M